Singapore Airlines (SIA), the world’s largest airline by market value, has posted its second straight quarterly loss with a second quarter net loss of S$159 million (US$114.6 million) compared with a net profit of S$324 million a year ago. This follows from a net loss of more than S$300 million in the first quarter of this financial year. SIA Cargo posted an operating loss of US$193 million with yields averaging just $0.20 per load tonne kilometer, down almost a third over the same … [Read more...] about SINGAPORE: SIA reports second straight quarterly loss

Singapore Airlines Cargo has launched a weekly eastbound round-the-world freighter service to Atlanta. The B747- 400 freighter from Singapore is routed via Hong Kong, Anchorage and Los Angeles, returning via Brussels and Sharjah. The carrier mounted a series of ad hoc charter services to Atlanta in September, before deciding on a scheduled service. Major imports for Atlanta are consumer products such as electronics from Asia while major exports include heavy machinery parts to Europe, the Middle … [Read more...] about SINGAPORE: SIA launches Atlanta freighter

Korean Air will expand its code-share operations with Alaska Airlines to 40 flights in the US and Canada. Currently Korean operates 18 code-share flights with Alaska Airlines for US connections only. Some of the expanded code-shared flights include Seattle-Dallas, L.A.-San Francisco, Las Vegas-Portland, Seattle- Vancouver, L.A.-Vancouver and Vancouver- Portland. … [Read more...] about SOUTH KOREA: Korean, Alaska Airlines expand code-share

Cargo and passenger traffic by airlines in South Korea grew in November, bolstered by steadily rebounding economic conditions at home and abroad, according to a recent government report. According to the report by the Ministry of Land, Transport and Maritime Affairs, the rebounding economic conditions led to a spike in air cargo traffic with total air cargo volumes amounting to 2.28 million tonnes last month, up 22.5 per cent from a year earlier mainly thanks to surging exports of flat panels … [Read more...] about SOUTH KOREA: S. Korean air traffic returns to growth

Korean Air posted its second straight quarterly net profit recently thanks to lower fuel costs and the strengthening won. The carrier also cautiously forecasted further recovery next year. The world’s largest air cargo carrier, reported a net profit of 264 billion won (US$228.7 million) for the third quarter. The result improved sharply from a 684.1 billion won net loss a year earlier and a 78.5 billion won profit in the April-June quarter. … [Read more...] about SOUTH KOREA: Korean Air posts Q3 profit, cargo still down

Korean Air announced earlier this month that it would purchase five Boeing 747-8 Intercontinental jetliners SOUTH KOREA worth US$1.5 billion at list prices in an important deal for the successor to the classic 747 jumbo jet. The South Korean carrier becomes the second airline after Germany’s Lufthansa to order the plane, which has waited almost three years for a second passsenger-carrying customer. Until now, Boeing had previously sold 27 passenger versions of the 747-8 airplane … [Read more...] about SOUTH KOREA: Korean deal for B747-8I gives boost to Boeing